Fitch announced it will publish two special reports tomorrow with the launching of Prism, its new global economic capital risk model for the life and property-casualty industries.
For its property-casualty component, Fitch said it reviewed 43 p-c insurance groups in the 2005 Prism beta testing period, comprising about $273 billion of industry net written premium for about 65 percent of the total p-c industry.
Keith Buckley, managing director, said Prism allows for modeling of all risks within a business simultaneously, including how they interact with each other, which he said differentiated it from all other models.
“Prism thus strongly aligns with the goals of Enterprise Risk Management, with prospective analysis focusing on risk drivers, correlation and diversification among various risk exposures,” Mr. Buckley said.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.